Central Bank of Belize - Annual Report 2004

According to the Central Bank of Belize's Annual Report 2004, buoyancy in tourism, productivity gains in the primary sector, a resurgence in construction and manufacturing, as well as increases in real estate/ business and financial services generated GDP growth of 4.6% in 2004.

"Notwithstanding a 5.9% increase in the labour force, the unemployment rate fell from 12.9% to 11.6% largely due to greater activity in the export sector. On the other hand, consumer prices rose by 3.1% with upward

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